Oracle Co. (NYSE:ORCL) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,083 shares of the enterprise software provider’s stock after selling 974 shares during the period. Oracle makes up 1.5% of Perkins Coie Trust Co’s portfolio, making the stock its 15th biggest position. Perkins Coie Trust Co’s holdings in Oracle were worth $6,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Oracle during the 2nd quarter valued at approximately $27,000. Westend Capital Management LLC bought a new position in Oracle during the 1st quarter valued at $25,000. POM Investment Strategies LLC acquired a new position in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter worth about $35,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Mizuho raised their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI raised their price target on shares of Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $167.42.

Oracle Price Performance

Shares of ORCL stock traded up $0.15 during midday trading on Wednesday, reaching $174.52. 682,134 shares of the company were exchanged, compared to its average volume of 8,518,922. The company’s 50 day moving average price is $149.25 and its two-hundred day moving average price is $135.86. The company has a market cap of $483.61 billion, a P/E ratio of 47.02, a PEG ratio of 3.09 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $175.01. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,146,320 shares of company stock valued at $164,762,400. 42.80% of the stock is owned by insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.